Andrew Mach

New York

Writer at Bloomberg Originals

Social video for @business + @bbgoriginals. Formerly CNN, ABC, PBS, NBC. 🌭 Berliner by heart

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Articles

Liberty Global: Q1 Deep Dive, Still A Deep Value Play (NASDAQ:LBTYA)

1 month ago | seekingalpha.com | Andrew Mach

May 06, 2025 6:40 AM ET, , , , SummaryLiberty Global's SOTP valuation offers a deep-value play, with gradual unlocking via buybacks. VMO2 and VodafoneZiggo face competitive challenges; VMO2 contributes significant dividends, while VodafoneZiggo's turnaround plan remains uncertain. Telenet's high CapEx impacts short-term FCF, but improvements are expected by 2026; Liberty Growth's portfolio is valued at $3.3 billion.
Veren-Whitecap: This Simulation Through COVID Made Me Buy A Lot (TSX:WCP:CA)

1 month ago | seekingalpha.com | Andrew Mach

Apr. 28, 2025 3:52 AM ET, , , , , , SummaryI sold all oil stocks to buy a large position in Whitecap Resources, driven by the strong Whitecap-Veren merger and its resilience. Whitecap's Q1 results were solid, with production beating guidance and strong funds flow, despite Capex frontloading. The merger's synergies and cost reductions lower the breakeven price to $47/bbl, making the 9% dividend yield sustainable even under stress.
Flow Traders And Virtu Financial: Beat The Market And Lower Your Volatility

1 month ago | seekingalpha.com | Andrew Mach

Apr. 22, 2025 5:53 AM ET, , SummaryCombining assets like Flow Traders and Virtu Financial with the S&P 500 breaks the rule of higher returns requiring higher volatility. Flow Traders and Virtu Financial tend to rise during market crashes, providing both protection and profit through portfolio rebalancing. Backtesting from 2016-2025 shows that portfolios with 20% Virtu or Flow outperform the S&P 500 alone, with lower standard deviations.
Alibaba (BABA): What Living In China Taught Me Over The Past Decade And Why Am I Buying

1 month ago | seekingalpha.com | Andrew Mach

Apr. 17, 2025 1:46 AM ET, , , , , , , , , SummaryAlibaba has transformed from an empire builder to a leaner, value-focused company, prioritizing shareholder returns with buybacks and dividends. Despite U.S.-China tensions, Alibaba's diversified ecosystem, low U.S. exposure, and strong balance sheet provide a cushion against potential risks. Alibaba's core e-commerce platforms remain highly profitable, while investments in cloud, AI, and international expansion offer significant growth potential.
Liberty Global: Making Sense Of The Valuation (NASDAQ:LBTYA)

1 month ago | seekingalpha.com | Andrew Mach

Apr. 15, 2025 6:51 AM ET, , , , SummaryLiberty Global's management suggests a $25+ SOTP valuation, but the market values it at $10.5, indicating a disparity in perspectives. Structural separation of debt and rise of "Liberty Services" shift value to HoldCo, while lowering risks. Capex cycles are peaking, with Belgium set for meaningful FCF uplift by 2026.
Surge Energy: High FCF Yield Makes The Stock Finally Cheap Enough

2 months ago | seekingalpha.com | Andrew Mach

Mar. 28, 2025 10:44 AM ET, , SummarySurge Energy offers a compelling setup with a clean balance sheet, high FCF yield, and no cash taxes expected until 2030. The company remains solid with high-quality assets trading at a depressed valuation. At US$65 WTI, Surge generates a strong 16% FCF yield and a dividend yield of over 8%. Despite its high dividend yield, Surge is not suitable for retirement portfolios due to the risk of dividend cuts in lower oil price scenarios.
Peyto Exploration & Development: Dividend Yield Might Double In Two Years

2 months ago | businessandamerica.com | Andrew Mach

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Peyto Exploration (PEYUF): 8% Dividend Yield Might Double In Two Years

2 months ago | seekingalpha.com | Andrew Mach

Mar. 22, 2025 11:41 PM ET, , SummaryPeyto is a low-cost, high-margin natural gas producer offering a sustainable 8% dividend yield backed by disciplined capital allocation and strong hedging. Base-case 2030 projections suggest a potential for 19% dividend yield by 2027, resulting from production growth and rising gas prices. Even in a bear case with sub-$3 Henry Hub prices, Peyto’s strong balance sheet and cost structure ensure dividend stability, offering a margin of safety for investors.
Whitecap-Veren Merger: Over 9% Dividend Yield And Still Growing With 2030 Projection(VRN)

2 months ago | seekingalpha.com | Andrew Mach

Mar. 12, 2025 11:03 PM ET, , , , , , SummaryThe C$15 billion Whitecap-Veren merger creates the 7th-largest Canadian oil & gas producer. Whitecap's acquisition of Veren offers a high dividend yield of over 9%, significant growth potential, and savings from synergies. Whitecap's stock is temporarily down due to arbitrage trade between Whitecap and Veren.
ARC Resources: 3 Pillars Of Growth Drive FCF Yield Into High-Teens (TSX:ARX:CA)

Feb 10, 2025 | seekingalpha.com | Andrew Mach

Feb. 10, 2025 5:34 PM ET, SummaryARC Resources achieved its highest ever liquids production, with Attachie Phase I ramping up and free cash flow set to triple to CAD 1.8 billion (12% yield) in 2025. Structural undersupply and premium pricing over WTI make condensates ARC’s most profitable segment, with Attachie significantly increasing high-margin production. ARC continues to outperform AECO pricing by 65%, securing stronger margins than peers and maintaining resilience even in weak gas markets.